ContentsMarket Inventory 2New Listings 3Pending Sales 4Closed Sales 5Closed Sales by Market Area 6Closed Sales by Price 7 Days on Market by Price 7Home Sales Prices 8Days on Market 8Supply-Demand Ratio 9 Absorption Rate 9Market Overview 10 Market Snapshots 11-12Sales by Area (color chart) 13
July 2009 Monthly Market Report Monthly Highlights
• Pending sales for detached homes sales in all the Southwest Multiple Listing Service market areas are up .46 percent from the previous year.
• Closed sales for detached homes in the Southest Multiple Listing Service market areas are up 13.25 percent from June 2009 and 4.40 percent from July 2008.
• Dollar volume of closed sales for detached homes indicates a 2.89 percent decrease from July 2008, which is a signficant reduction from the -15 to -40 percent range seen over the last 23-months.
Contact: Don Padilla, Chairman of the Board, 505-275-3615, [email protected]
2
Market Inventory
485
680 652
0
100
200
300
400
500
600
700
800
Jul-07 Jul-08 Jul-09
Attached homes on marketJuly 2007 - July 2009
5,919
6,402
5,476
5,000
5,200
5,400
5,600
5,800
6,000
6,200
6,400
6,600
Jul-07 Jul-08 Jul-09
Detached homes on marketJuly 2007 - July 2009
Detached represents existing single-family detached homes
Total Active Listingsas of August 5, 2009
Active detached: 5,476 Active attached: + 652 Total: 6,128
Attached represents existing condo/townhomes attached homes
SOURCE: Greater Albuquerque Association of REALTORS® - based on data from the the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed.
3
New Listings this month 1,610
Compared to last month
2.94 %
Compared to July 2008
14.45 %
New Listings
Greater Albuquerque Market ActivityJuly 2006 - July 2009
0
500
1,000
1,500
2,000
2,500
3,000
Jul-06Jan-07
Jul-07Jan-08
Jul-08Jan-09
Jul-09
# of
Lis
tings
Pending Sold New
New Listings detachedMonth/Year 2005 2006 2007 2008 2009Jan 926 1,622 1,952 1,817 1,483Feb 727 1,501 1,897 1,615 1,272Mar 1,397 1,837 2,581 1,800 1,415Apr 1,661 1,869 2,491 1,805 1,461May 1,242 2,259 2,639 1,956 1,472Jun 1,918 2,381 2,755 1,878 1,564Jul 1,873 2,324 2,615 1,882 1,610Aug 1,845 2,473 2,742 1,668Sep 1,590 2,157 2,127 1,502Oct 1,790 2,133 2,393 1,411Nov 1,335 1,528 1,372 1,121Dec 1,049 1,297 1,064 917
SOURCE: Greater Albuquerque Association of REALTORS® - based on data from the the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed.
4
Greater Albuquerque Market ActivityJuly 2006 - July 2009
0
500
1,000
1,500
2,000
2,500
3,000
Jul-06Jan-07
Jul-07Jan-08
Jul-08Jan-09
Jul-09
# of
Lis
tings
Pending Sold New
Pending Sales this month 875
Compared to last month
6.22 %
Compared to July 2008
0.46 %
Pending Sales
Pending Sales detachedMonth/Year 2005 2006 2007 2008 2009Jan 942 1,051 935 884 571Feb 1,037 1,187 1,034 768 530Mar 1,064 1,316 1,155 836 748Apr 1,370 1,289 1,148 862 836May 1,297 1,361 1,157 869 856Jun 1,414 1,264 1,108 857 933Jul 1,448 1,249 1,058 871 875Aug 1,419 1,211 911 723Sep 1,227 1,037 758 706Oct 1,229 1,042 665 575Nov 1,031 900 645 493Dec 787 729 543 477
SOURCE: Greater Albuquerque Association of REALTORS® - based on data from the the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed.
5
Greater Albuquerque Market ActivityJuly 2006 - July 2009
0
500
1,000
1,500
2,000
2,500
3,000
Jul-06Jan-07
Jul-07Jan-08
Jul-08Jan-09
Jul-09
# of
Lis
tings
Pending Sold New
Closed Sales
Closed Sales this month 735 Compared to last month
13.25 %
Compared to July 2008
4.40 %
Closed Sales detachedMonth/Year 2005 2006 2007 2008 2009Jan 627 754 662 408 324Feb 725 836 741 532 343Mar 835 1,111 964 624 465Apr 937 1,002 910 641 542May 1,174 1,152 1,020 674 566Jun 1,159 1,140 1,011 738 649Jul 1,231 1,123 992 704 735Aug 1,267 1,126 833 619Sep 1,187 990 716 604Oct 1,055 917 687 511Nov 1,021 824 556 411Dec 924 787 516 412
SOURCE: Greater Albuquerque Association of REALTORS® - based on data from the the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed.
6
Closed Sales by Market Area
SWMLS Market Areas 10-121 City of Albuquerque 180 Placitas 130 Corrales 210-293 East Mountains 140-162 Rio Rancho 690-760 Los Lunas, Belen, Bosque Farms 170 Bernalillo
10-121 130 140-162 170 180 210-293 690-760
Jul-08 510 3 103 7 5 23 53
Jul-09 522 9 123 3 7 25 46
0
100
200
300
400
500
600
# of
Hom
es S
old
July 2008 & 2009 Detached Sales
Jul-08 Jul-09
10-121 130 140-162 170 180 210-293 690-760
Jul-08 64 0 4 0 0 0 1
Jul-09 91 0 3 0 0 0 0
0
10
20
30
40
50
60
70
80
90
100
# of
Hom
es S
old
July 2008 & 2009 Attached Sales
Jul-08 Jul-09
210-293 East Mountains
7
Closed Sales by Price
< 30K 30 -39
40 -49
50 -59
60 -69
70 -79
80 -89
90 -99
100 -119
120 -139
140 -159
160 -179
180 -199
200 -249
250 -299
300 -399
400 -499
500 -749
750 -999 1M+
Detached 2 3 1 1 3 4 4 16 44 72 109 93 69 128 70 59 29 21 3 4Attached 0 1 0 2 1 2 4 4 17 16 12 16 4 7 4 2 2 0 0 0
0
20
40
60
80
100
120
140
Closed Sales by PriceJuly 2009 (in thousands)
Top Selling Price Range for Detached Homes $200,000 -$249,000
Top Selling Price Range for Attached Homes $100,000 - $119,000
Days on Market by Sale Price
<99K 100 - 119 120 - 139 140 - 159 160 - 179 180 - 199 200 - 249 250 - 299 300 - 399 400 - 499 500 - 749 750 - 999 1M+
Avg. DOM 66 70 76 61 77 79 70 85 88 73 97 46 154
0
20
40
60
80
100
120
140
160
180
Days on Market by Sale PriceJuly 2009 Sales (Detached / in thousands)
8
Home Sales PricesSingle family home sales priceJuly 2006 - July 2009
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
Jul-06Jan-07
Jul-07Jan-08
Jul-08Jan-09
Jul-09
Median Sales PriceAverage Sales Price
Median Sales Price for Single Family Homes $185,000
Average Sales Price for Single Family Homes $224,271
Days on MarketAvg Days on Market ( 75 DOM for July 2009)
0
20
40
60
80
100
120
Jul-06Jan-07
Jul-07Jan-08
Jul-08Jan-09
Jul-09
The Days on Market is determined by calculating the total days listed as active on the market until contract or pending.
SOURCE: Greater Albuquerque Association of REALTORS® - based on data from the the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed.
9
Absorption Rate
Supply-Demand Ratio
July 2008 - July 2009
7.388.85 9.04
10.7512.09 12.04
9.15 10.02
7.18 6.39 6.31 5.81 6.26
02468
101214
Jul-0
8
Aug-0
8
Sep-0
8
Oct-08
Nov-0
8
Dec-0
8
Jan-
09
Feb-
09
Mar-0
9
Apr-0
9
May-0
9
Jun-
09Ju
l-09
The Supply-Demand Ratio is calculated by dividing the number of homes for sale (listings available) by the number of total pending sales for that month. The higher the ratio, the more supply there is relative to demand.
Num
ber
of A
ctiv
e Li
stin
gs
for
Eac
h B
uyer
SOURCE: Greater Albuquerque Association of REALTORS® - based on data from the the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed.
July 2008 - July 2009
8.91
9.28 9.25 9.16 9.14
8.47
8.859.03 9.07
9.279.41
9.55 9.54
7.88.08.28.48.68.89.09.29.49.69.8
Jul-0
8
Aug-08
Sep-08Oct-
08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-0
9
The Absorption Rate measures how long it w ill take to exhaust or sell our current housinginventory. An average market is tradittionaly a six-month supply.
Mon
th's
Supp
ly of
Hom
es
10
Mar
ket O
verv
iew
2009
(DET
)20
09(D
ET)
2008
Perc
ent
Cha
nge
(ATT
)20
09(A
TT)
2008
Perc
ent
Cha
nge
(DET
+ATT
) 20
09 Y
ear-
to-
Date
(DET
+ATT
) 20
08 Y
ear-
to-
Date
Perc
ent
Cha
nge
New
Lis
tings
Jul
1,61
01,
882
-14.
45%
189
200
-5.5
0%11
,459
14,0
80-1
8.62
%
Aug
1,66
815
715
,905
Sep
1,50
214
517
,552
Pend
ing
Sale
sJu
l87
587
10.
46%
110
106
3.77
%5,
919
6,60
3-1
0.36
%
Aug
723
867,
412
Sep
706
758,
193
Clos
ed S
ales
Jul
735
704
4.40
%94
6936
.23%
4,00
54,
805
-16.
65%
Aug
619
645,
489
Sep
604
626,
155
Jul
$164
.8$1
69.7
-2.8
9%$1
4.5
$11.
427
.19%
$848
.0$1
,105
.9-2
3.32
%
Aug
$147
.9$9
.7$1
,263
.5
Sep
$134
.7$9
.4$1
,407
.6
Med
ian
Sale
s Pr
ice
Jul
$185
,000
$196
,000
-5.6
1%$1
39,0
00$1
50,0
00-7
.33%
Aug
$195
,000
$141
,300
----
--
Sep
$186
,750
$135
,000
Ave
rage
Sal
es P
rice
Jul
$224
,271
$240
,986
-6.9
4%$1
54,3
99$1
65,4
37-6
.67%
Aug
$239
,018
$150
,457
----
--
Sep
$222
,947
$151
,205
Tota
l Act
ive
Jul
5,47
66,
402
-14.
46%
652
680
-4.1
2%
List
ings
Ava
ilabl
eA
ug6,
381
684
----
--
Sep
6,18
167
5
Ave
rage
Day
s on
Mar
ket
Jul
7568
10.2
9%90
7716
.88%
Aug
7479
----
--
Sep
7473
Dolla
r Vol
ume
of C
lose
d Sa
les
(in m
illion
s)
SOU
RC
E: G
reat
er A
lbuq
uerq
ue A
ssoc
iatio
n of
REA
LTO
RS®
- ba
sed
on d
ata
from
the
th
e So
uthw
est M
ultip
le L
istin
g Se
rvic
e. D
ata
is d
eem
ed re
liabl
e no
t gua
rant
eed.
11
Mar
ket S
naps
hot -
Rio
Ran
cho
& A
lbuq
uerq
ue
RIO
RAN
CH
O(D
ET)
2009
(DET
)20
08Pe
rcen
t C
hang
eAB
Q A
REA
(DET
)20
09(D
ET)
2008
Perc
ent
Cha
nge
New
Lis
tings
Jul
248
330
-24.
85%
New
Lis
tings
Jul
1,06
61,
249
-14.
65%
Aug
317
-A
ug1,
060
-
Sep
272
-Se
p97
3-
Pend
ing
Sale
sJu
l16
014
411
.11%
Pend
ing
Sale
sJu
l62
058
06.
90%
Aug
137
-A
ug49
4-
Sep
121
-Se
p50
3-
Clos
ed S
ales
Jul
123
103
19.4
2%Cl
osed
Sal
esJu
l52
251
02.
35%
Aug
96-
Aug
430
-
Sep
94-
Sep
436
-
Med
ian
Sale
s Pr
ice
Jul
$161
,000
$180
,000
-10.
56%
Med
ian
Sale
s Pr
ice
Jul
$188
,000
$200
,000
-6.0
0%A
ug$1
76,5
00-
Aug
$196
,925
-
Sep
$171
,750
-Se
p$1
87,0
00-
Ave
rage
Sal
es P
rice
Jul
$188
,482
$211
,416
-10.
85%
Ave
rage
Sal
es P
rice
Jul
$230
,848
$246
,413
-6.3
2%A
ug$1
97,0
78-
Aug
$241
,214
-
Sep
$189
,508
-Se
p$2
18,7
53-
Tota
l Act
ive
Jul
893
1,14
8-2
2.21
%To
tal A
ctiv
eJu
l3,
271
3,89
8-1
6.09
%A
ug1,
126
-A
ug3,
860
-
Sep
1,05
5-
Sep
3,71
7-
Ave
rage
Day
s on
Mar
ket
Jul
8171
14.0
8%A
vera
ge D
ays
on M
arke
tJu
l71
6410
.94%
Aug
80-
Aug
62-
Sep
71-
Sep
69-
SOU
RC
E: G
reat
er A
lbuq
uerq
ue A
ssoc
iatio
n of
REA
LTO
RS®
- ba
sed
on d
ata
from
the
th
e So
uthw
est M
ultip
le L
istin
g Se
rvic
e. D
ata
is d
eem
ed re
liabl
e no
t gua
rant
eed.
12
Mar
ket S
naps
hot -
Eas
t Mtn
s. &
Val
enci
a C
ount
y
SOU
RC
E: G
reat
er A
lbuq
uerq
ue A
ssoc
iatio
n of
REA
LTO
RS®
- ba
sed
on d
ata
from
the
th
e So
uthw
est M
ultip
le L
istin
g Se
rvic
e. D
ata
is d
eem
ed re
liabl
e no
t gua
rant
eed.
East
Mou
ntai
ns(D
ET)
2009
(DET
)20
08Pe
rcen
t C
hang
eVa
lenc
ia C
ount
y(D
ET)
2009
(DET
)20
08Pe
rcen
t C
hang
e
New
Lis
tings
Jul
110
N/A
-Ne
w L
istin
gsJu
l10
6N/
A-
Aug
N/A
-A
ugN/
A-
Sep
N/A
-Se
pN/
A-
Pend
ing
Sale
sJu
l40
N/A
-Pe
ndin
g Sa
les
Jul
42N/
A-
Aug
N/A
-A
ugN/
A-
Sep
N/A
-Se
pN/
A-
Clos
ed S
ales
Jul
2523
8.70
%Cl
osed
Sal
esJu
l46
53-1
3.21
%A
ug29
-A
ug37
-Se
p30
-Se
p38
-M
edia
n Sa
les
Pric
eJu
l$2
30,0
00N/
A-
Med
ian
Sale
s Pr
ice
Jul
$143
,125
N/A
-A
ugN/
A-
Aug
N/A
-Se
pN/
A-
Sep
N/A
-A
vera
ge S
ales
Pric
eJu
l$2
50,1
81N/
A-
Ave
rage
Sal
es P
rice
Jul
$168
,307
N/A
-A
ugN/
A-
Aug
N/A
-Se
pN/
A-
Sep
N/A
-To
tal A
ctiv
eJu
l48
3N/
A-
Tota
l Act
ive
Jul
492
N/A
-A
ugN/
A-
Aug
N/A
-Se
pN/
A-
Sep
N/A
-A
vera
ge D
ays
on M
arke
tJu
l11
2N/
A-
Ave
rage
Day
s on
Mar
ket
Jul
73N/
A-
Aug
N/A
-A
ugN/
A-
Sep
N/A
-Se
pN/
A-